Here’s breaking news reported in the FT. It’s a must-read. Check it out!
via US created 257,000 jobs; earnings jump 0.5% – fastFT: Market-moving news and views, 24 hours a day – FT.com.
Although US is creating jobs, pay-rates still remain flat, so the pressure for most US families will continue – eyes will focus on the Fed for any hint of a policy shift on interest rates. Meanwhile, the IMF is still deeply worried about Europe – this is as Merkel & Hollande fly to Moscow for a last ditch attempt to defuse the escalating military crisis in the Ukraine.